We all realise how much it is necessary to switch to renewable sources than to depend on non-renewable sources. In the upcoming future, renewable sources are going to take over. Natural Sources like sunlight, wind, and water will be the new providers. Talking about the energy derived from the sunlight, it has a wide range of applications and one of which is Rooftop solar system. It is used to convert solar energy into electrical energy to cater residential and commercial needs. It is quite useful and economical as compared to traditional electricity connection. There are many advantages to use it but just to list down a few, here they are:
1. Electricity bill reduction
Using rooftop solar system will drastically reduce your electricity bill .It is a one-time investment which has a guaranteed life of 25 years. A normal electricity connection that you get from the state government is chargeable on a monthly basis which amounts to much more than what one pays for rooftop solar system at the time of installation. Furthermore, there is a lot of hustle attached to it than the solar arrangement. In the long run, it is going to be much more economical than the traditional one.
2. Avail GST benefits
The solar rooftop systems fall under 5% tax brackets. It is among one of the very few goods in India that comes under 5%. Apart from that, the Basic custom duty on solar cells being used in manufacturing in India is 0%. It is the most attractive tax rate that government renders.
3. Increase your home value
Value of your home goes up high as soon as you get Rooftop Solar System installed. Every potential buyer would want to reduce long-term recurring costs like electricity and thus the home gets more appealing to them. With Internal Rate of Return of 9% and above from smaller systems to 20% on bigger systems, the payback periods on your investments could be from 5 years to 9 years respectively.
4. Save water
In any thermal power plant, heat generated by burning the fuels is utilized to turn the water into steam to produce the electricity. A typical thermal power plant uses 1800 to 3000 liters of water to produce 1 MWh (Mega Watt Hour) of energy. While a typical rooftop solar system uses 75 to 100 liters, for cleaning purposes, to produce 1 MWh of equivalent energy. That’s 1700% more water than what could have been used for other utilities.
5. Cost-Output comparison
As solar panel installations are increasing in number over residential and commercial roofs, the most talked about thing is the total energy costs incurred. It has been found out that savings in cooling costs amounted to sending 5 percent more solar energy to the grid than the system is actually producing for the building. So, to put it simply, the system works on 100% of its capacity which
equals 105% of the traditional system and to top it all off, it demands more money and attention than the system.
6. Very low maintenance
Rooftop Solar System is a very low-cost maintenance system. It just requires proper cleaning of the system from time to time which is a very basic thing that it can demand. The lifespan is at least 25 years, which keeps you worry free for a much longer period of time. Connection stay put and everything holds tight. Basically, no major costs involved.
Through the installation of rooftop solar panels, we help ourselves, the environment, wildlife and our coming generations by saving a lot of non-renewable energy. So, there will be no harm and only benefits of taking this step towards contributing to the economy on a personal level.